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Touchstone Exploration ( TXP )

Proselenes
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Touchstone Exploration ( TXP )

#308024

Postby Proselenes » May 12th, 2020, 3:16 pm

Website : https://touchstoneexploration.com/

Feb 2020 Presentation : https://www.touchstoneexploration.com/wp-content/uploads/2020/02/Touchstone-Presentation-February-2020-.pdf

Touchstone Exploration Inc. is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago. It is one of the largest independent onshore oil producers in Trinidad, with an experienced management and executive team that have a track record of delivering value to shareholders.

The Company’s strategy is to leverage the Board’s extensive oil recovery experience and capability to develop international onshore properties that create shareholder value.

In Trinidad, the Company’s interests in approximately 90,000 gross acres of exploration and development rights make it one of the largest independent onshore oil producers in Trinidad. Touchstone holds over 8,700 working interest acres of onshore producing properties that have known crude oil reserves as well as over 55,000 exploration and undeveloped working interest acres that are being evaluated.

Outside of its core Trinidad portfolio the Board continues to examine opportunities in jurisdictions that have stable political and fiscal regimes coupled with large defined original oil in place.


Video Presentation : https://www.youtube.com/watch?v=HPUBbCpSam0&feature=youtu.be


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Proselenes
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Re: Touchstone Exploration ( TXP )

#308026

Postby Proselenes » May 12th, 2020, 3:17 pm

Most interesting imo.

Big gas and condensates discoveries but the share price remains well down compared to the recent placing price.

Another big well coming up once Trinidad lockdown is over, with the Chinook well to be drilled (could be oil but most likely has/condensates again).



This is an interesting write up on TXP : http://hydracapital.ca/hydra-blog.html




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Proselenes
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Re: Touchstone Exploration ( TXP )

#308636

Postby Proselenes » May 14th, 2020, 2:12 pm


Proselenes
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Re: Touchstone Exploration ( TXP )

#308767

Postby Proselenes » May 15th, 2020, 2:01 am

Couple of video interviews with the CEO following the results release.

https://www.youtube.com/watch?v=r2Kpi1gVHVg


https://www.brrmedia.co.uk/broadcasts/5 ... any-update


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Proselenes
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Re: Touchstone Exploration ( TXP )

#310126

Postby Proselenes » May 20th, 2020, 5:42 am

Video below of Cascadura on test.

https://www.youtube.com/watch?v=SpmThxWSMkA


News is due soon (before the end of May) on the pressure gauge readings and findings, some are expecting that data to provide significant news to TXP.

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Proselenes
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Re: Touchstone Exploration ( TXP )

#310693

Postby Proselenes » May 21st, 2020, 3:44 pm

Touchstone presenting next Thursday

https://www.proactiveinvestors.co.uk/register/event_details/249


So I would expect news update on Tuesday or Wednesday ahead of this (news due is the pressure recorders data).

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Re: Touchstone Exploration ( TXP )

#310962

Postby Proselenes » May 22nd, 2020, 11:47 am

Link to register for the Proactive event with TXP

https://event.webinarjam.com/register/189/2zzlnurq

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Proselenes
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Re: Touchstone Exploration ( TXP )

#312521

Postby Proselenes » May 27th, 2020, 1:59 am

Certain employees taking up their share options.

https://www.investegate.co.uk/touchston ... 26219757N/


Good to see, there must be a buzz around the place at the moment with more news due on Cascadura, then the drilling of Chinook and the drilling of Cascadura deep.

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Proselenes
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Re: Touchstone Exploration ( TXP )

#312558

Postby Proselenes » May 27th, 2020, 8:54 am

Good bit of management.

New 20M USD facility with 7 year term to replace the old 20M CAD facility. Removes repayment that was due in Jan 2021. Gives them a lot more headroom now and possible removes the need for a placing ahead given Coho production soon.

https://www.investegate.co.uk/touchston ... 00069980N/


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Proselenes
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Re: Touchstone Exploration ( TXP )

#313208

Postby Proselenes » May 29th, 2020, 1:08 am

Todays presentation video with Paul........ TXP on from 34 minutes 30 seconds.

https://www.youtube.com/watch?v=RWNHn4T ... e=youtu.be


Presentation as used in the video in PDF format

https://www.touchstoneexploration.com/w ... -FINAL.pdf

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Proselenes
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Re: Touchstone Exploration ( TXP )

#313242

Postby Proselenes » May 29th, 2020, 9:05 am

So in summary :

Coho production on line from October 2020 (OCTOBER 2020)

Cascadura pressure recorder readings maybe next week or second week of June. These will inform on the MINIMUM pool size of Cascadura as well as likely production flow rate. (JUNE 2020)

Cascadura reserve report should be released before middle of July with P10/50/90 figures. This is the big one as it tells us how big Cascudura might be.........so we get a view of the MAXIMUM size (JULY 2020)

Chinook should be drilling in July with results end of July/beginning of August. Top drive added to the rig for better drilling performance. (AUGUST 2020)

Chinook testing if successful while drilling Cascadura Deep (SEPTEMBER 2020)

Cascadura Deep well now in planning, likely September spud (rig already upgraded pre-Chinook with a top drive). Still very interested in what they will find in the deep - could be more liquid rich gas, or indeed, oil. (OCTOBER 2020)

Cascadura Deep testing if successful (NOVEMBER 2020)

Royston well planning now to be drilled in Q1 2021. (Q1 2021)


Basically, likely some big news every month now for the next 6 months.

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Re: Touchstone Exploration ( TXP )

#314440

Postby Proselenes » June 2nd, 2020, 7:08 am

TIDMTXP

Touchstone Exploration Inc.

02 June 2020

2 June 2020

Touchstone Exploration Inc.

("Touchstone" or the "Company")

Online Interview and Q&A session

Touchstone Exploration Inc. (TSX / LSE: TXP), an oil and gas exploration and production company active in the Republic of Trinidad and Tobago, will be holding a live online interview and Q&A session with the senior management team on Thursday 4(th) June 2020. The webcast will be recorded and made available on ValueTheMarkets.com ( http://www.valuethemarkets.com/ ) after the event.

The event will take place at 7.00pm BST on Thursday 4(th) June 2020, please visit the following link to join: https://vtm.clickmeeting.com/txp . The room ID is: 229-863-978.

Or to listen by telephone, call +44 (20) 7048-4146 and provide the Participant PIN: 262163878 followed by the # key.


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Re: Touchstone Exploration ( TXP )

#318443

Postby Proselenes » June 15th, 2020, 7:06 am

Excellent news.

https://www.investegate.co.uk/touchston ... 00098915P/


The word I like "UNBOUNDED"............... eg..........massive

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Re: Touchstone Exploration ( TXP )

#318464

Postby Proselenes » June 15th, 2020, 8:16 am

Update from Malcolm Shaw on the 13th June. Will be interesting to know his thoughts after todays news.

http://hydracapital.ca/hydra-blog.html


I’ve been quiet lately, but it’s not for lack of interest in the market. Quite the opposite in fact. Largely though, I haven’t changed my tune. I still very much like Touchstone Exploration (TXP.TO, last at $0.86) for its onshore gas discovery in Trinidad and I’m seeing market interest really pick up there. In addition to recognizing the predictable nature of its cash flow from gas, the market is starting to come around to the range of possibilities for..................................................

Proselenes
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Re: Touchstone Exploration ( TXP )

#318490

Postby Proselenes » June 15th, 2020, 9:23 am

Proselenes wrote:Excellent news.

https://www.investegate.co.uk/touchston ... 00098915P/


The word I like "UNBOUNDED"............... eg..........massive



Compare the original Carpal Ridge news with this latest TXP news on Cascadura. Seems that Cascadura might put Carpal Ridge to shame...........

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Re: Touchstone Exploration ( TXP )

#318717

Postby Proselenes » June 16th, 2020, 1:08 am


Proselenes
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Re: Touchstone Exploration ( TXP )

#318754

Postby Proselenes » June 16th, 2020, 10:00 am


Proselenes
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Re: Touchstone Exploration ( TXP )

#318763

Postby Proselenes » June 16th, 2020, 10:41 am

Updated events summary :


So in summary :

DONE ON TIME - Cascadura pressure recorder readings maybe next week or second week of June. These will inform on the MINIMUM pool size of Cascadura as well as likely production flow rate. (JUNE 2020)

Cascadura reserve report should be released around middle of July with P10/50/90 figures. This is the big one as it tells us how big Cascudura might be but that could all be upgraded again with Cascadura Deep results later in 2020......... (MID JULY 2020)

Chinook well spud. Top drive added to the rig for better drilling performance. (END JULY 2020)

NGC deal done on gas pricing for TXP gas production (JULY/AUGUST)

Chinook well result. (LATE AUGUST 2020)

Chinook testing if successful (SEPTEMBER 2020)

Cascadura Deep well spudding (SEPTEMBER/OCTOBER 2020)

Coho production on line from October 2020 (OCTOBER 2020)

Cascadura Deep result and testing if successful (NOVEMBER 2020)

Cascadura production (potential 2 wells) on line (APRIL 2021) (MAY if Chinook as well)

Chinook production on line if successful(MAY 2021)

Royston well planning now to be drilled in Q1 2021. (Q1 2021)

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Re: Touchstone Exploration ( TXP )

#320402

Postby Proselenes » June 22nd, 2020, 10:48 am

Finncap Update on TXP.

Risked NAV and target price raised to 68p.

13p of that is for Chinook and Royston. Nothing in it for Cascadura Deep.

Upside case is therefore should Chinook come in good, that will add another 40p to 50p a share, and also Cascadura Deep if it comes in good could add another ??p per share.

So in the best case, if they come in good, should be looking at perhaps 120p to 150p by year end as a RISKED NAV.

Lots more upside to come from those 20 new targets identified and currently not in the price.

Based on Coho and Cascadura-1 production expecting 4p EPS in 2021. That would be upgraded as well if Chinook comes in good, and it would be upgraded again if Cascadura Deep comes in good.

Basically, the story is all about upgrades, as we know. Just keep on holding and let the value build into the price with further success.


PDF file is on this link : https://ufile.io/idntcmie


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